A UK study of gay men has found that taking a pill called Truvada cuts the risk of HIV infection by 86 percent. The researchers now hope it will play a major role in stopping the spread of the disease.

San Jos -
Two big US firms -- Bank of America and microchip giant Intel -- announced closures in Costa Rica leading to nearly 3,000 layoffs, dealing a double blow to the Central American country's economy.

London -
Honda will axe 340 jobs by cutting shifts at its factory in western England in response to weak European demand for its cars, the Japanese automaker said on Tuesday.The firm will cut the production rate at its factory in Swindon from three shifts to tw...

London -
Britain's main postal operator Royal Mail on Tuesday said it planned to axe 1,600 jobs under a fresh cost-cutting drive six months after the group was partly privatised.Royal Mail said in a statement that most of the jobs to go would be in management, ...

San Francisco -
Walt Disney Company on Thursday confirmed that it is cutting about a quarter of the workers at its money-losing video game division.Disney Interactive will trim 700 employees in what the US entertainment titan described as a "global action" aimed at co...

New York -
US consumer electronics retailer RadioShack said Tuesday it would close up to 1,100 stores, one fifth of its total, in an effort to turn the struggling chain around.Chief executive Joseph Magnacca said the move was necessary after tough competition and...

New York -
US electronics retailer Radio Shack said Tuesday it would close up to 1,100 stores, one fifth of its total, in an effort to turn the struggling chain around.Chief Executive Joseph Magnacca said the move was necessary after tough competition and lower t...

According to a study published in the British Medical Journal on Thursday, budget cuts and austerity measures in Spain could cause the dismantling of a large part of the Spanish health system, potentially damaging the health of the population.

Paris -
As the European economy slows, demand for autos has slumped. French auto manufacturer Peugeot Citroen is burning through cash and has announced that it intends to release 8,000 workers to cut costs.